NEW YORK: Wall Street stocks rose while the U.S. dollar slipped on Wednesday, with investors more optimistic a day after the House of Representatives passed the $3.5 trillion budget framework and a top health official expressed confidence in fighting COVID-19.
On Tuesday, the Democratic-controlled House voted to advance the framework, key to President Joe Biden's agenda. Investor confidence in the economic outlook also got a boost when Dr. Anthony Fauci, top U.S. infectious disease expert, said COVID-19 could be under control by early next year.